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For those of you who follow him, big news!
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The SBF fluff pieces are getting out of hand
Is anyone shorting bitcoin?
Opinions on BAT?
Celsius paid off their BTC debt entirely, so their liquidation price is 0 now. However they are using customer funds to pay it off.
They are trying to pay off their defi loans to unlock their collateral. Once that is all cleaned up, they'll likely declare bankruptcy with whatever assets are left.
They actually sent the wBTC (about $500M) to FTX. Not sure what it's doing there. Either dumping it, swapping it for BTC, who knows.
Chance of Celsius surviving though? Probably very low. Would honestly count any funds there as completely lost.
This aged well, unfortunately.
Pro
I don’t think it matters because the odds of it staying above that at this point are slim to none anyway.
Rising Star
Honestly very little chance. They’d be interacting with the community more if there was any chance IMO
No lol. They literally used your funds to pay their debt. Jail the ceo or bust